Q. Can AmeriFund
provide financing to investors that own
multiple investment properties?

A. AmeriFund can provide
financing secured by an eligible property to
investors that own up to 10 properties secured
by a 1 to 4 unit residential property,
including condominium units.

Q. I own 11
total rental properties but only seven have
financing.Can I obtain a loan
from AmeriFund?

A. Yes. The 10 property
limitation only applies to financed properties.
You could finance up to three more properties.

Q. I own four
properties but two are 4 unit properties. I
have a total of ten units. Can I obtain a loan
from AmeriFund?

A. Yes. The 4 unit
properties are counted as a single property.
You could finance six additional properties.

Q. Are there
additional requirements for investors that seek
to acquire multiple properties.

A. Yes. An investor that
will own more than four financed properties at
the completion of the transaction (including
the subject property) will be required to
document additional assets for reserves.Generally, an investor seeking financing
that owns or will own more than four financed
properties will be required to have reserves
for each property equaling six (6) times the
housing expense on each property.The housing expense for a property on
which an escrow account for payment of taxes
and insurance is maintained with the loan
servicer for that property is the amount of the
payment plus any association dues or other
assessments that are not paid from the servicer
managed escrow account. For properties on which
taxes and insurance at not escrowed, the
housing expense also includes 1/12th
of the current annual property taxes and the
annual premium on hazard insurance for those
properties. Other limitations may also apply
for investors that own more than four financed
properties.

Q. I want to
acquire a duplex. I plan to live in one unit
and rent out the second unit. Is that a
problem?

A. No. In fact. That
transaction will be treated as a purchase of a
primary residence.

Q. My income
will be insufficient to acquire the 2 unit
property (duplex) unless I am able to use the
income I will acquire in the future from
renting the second unit.I don’t have a tenant
ready to rent yet.How can I qualify?

A. The potential rent from
renting the second unit will be determined by
the appraiser and you can qualify with the
amount the appraiser determines is reasonable
for renting that unit.The
same rule applies to acquiring any rental
property. You will be able to utilize the
appraiser’s opinion of a fair rental amount to
qualify on a property you are purchasing.

Q. Do you do
investment loans on condominium units?

A. Yes. However, the
project in which the property is located must
meet agency eligibility criteria. Consult with
an AmeriFund loan consultant to ascertain the
criteria and other requirements.

Q. What’s the
minimum down payment on an investment property
loan?

A. We can provide
financing on a standard conventional purchase
transaction secured by a investment property
with a down payment as low as 20%.However, we recommend that an investor
put a minimum of 25% down on any rental
property purchase to avoid oppressive Fannie
Mae loan level pricing adjustments for loans
with a loan to value ratio greater than 75%.Utilizing AmeriFund’s Texas 2-Step, an
investor can finance the acquisition of an
eligible property without a down payment limit.If the transaction meets the criteria an
investor could obtain a property without any
cash investment.